IMO - EK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMO - EK
Largest movements
- Receivables within one year +€203,733
up €203,733 (+84.6%), from €240,867 to €444,599
of which Other amounts receivable: +€156,166
- Tangible fixed assets -€116,506
down €116,506 (-5.1%), from €2.3m to €2.2m
of which Land and buildings: -€116,132
- Reserves +€222,491
up €222,491 (+167.3%), from €132,966 to €355,457
of which Tax-exempt reserves: +€222,491
- Debts after one year -€111,783
down €111,783 (-13.0%), from €859,010 to €747,227
- Provisions +€52,205
up €52,205 (+84.9%), from €61,525 to €113,730
- Trade debts -€35,654
down €35,654 (-48.8%), from €73,134 to €37,481
- Short-term financial debts -€33,497
down €33,497 (-16.5%), from €203,497 to €170,000
- Gross operating margin +€283,610
up €283,610 (+219.9%), from €128,951 to €412,562
- Other operating charges +€37,758
up €37,758 (+1100.9%), from €3,430 to €41,188
- Depreciation -€12,771
down €12,771 (-16.4%), from €78,066 to €65,294
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,547,433 | €2,646,562 | +€99,129 | +3.9% |
| Fixed assets | 21/28 | €2,286,467 | €2,169,961 | -€116,506 | -5.1% |
| Tangible fixed assets | 22/27 | €2,286,467 | €2,169,961 | -€116,506 | -5.1% |
| Land and buildings | 22 | €2,285,158 | €2,169,026 | -€116,132 | -5.1% |
| Furniture and vehicles | 24 | €1,309 | €935 | -€374 | -28.6% |
| Current assets | 29/58 | €260,966 | €476,602 | +€215,636 | +82.6% |
| Amounts receivable within one year | 40/41 | €240,867 | €444,599 | +€203,733 | +84.6% |
| Trade receivables | 40 | - | €47,567 | +€47,567 | |
| Other amounts receivable | 41 | €240,867 | €397,033 | +€156,166 | +64.8% |
| Cash at bank and in hand | 54/58 | €20,099 | €31,502 | +€11,403 | +56.7% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €2,547,433 | €2,646,562 | +€99,129 | +3.9% |
| Equity | 10/15 | €1,172,880 | €1,395,565 | +€222,685 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €1,041,895 | €1,041,895 | = | 0.0% |
| Reserves | 13 | €132,966 | €355,457 | +€222,491 | +167.3% |
| Tax-exempt reserves | 132 | €123,962 | €346,453 | +€222,491 | +179.5% |
| Distributable reserves | 133 | €9,004 | €9,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,180 | -€7,986 | +€194 | +2.4% |
| Provisions and deferred taxes | 16 | €61,525 | €113,730 | +€52,205 | +84.9% |
| Deferred taxes | 168 | €61,525 | €113,730 | +€52,205 | +84.9% |
| Amounts payable | 17/49 | €1,313,027 | €1,137,267 | -€175,760 | -13.4% |
| Amounts payable after more than one year | 17 | €859,010 | €747,227 | -€111,783 | -13.0% |
| Financial debts | 170/4 | €859,010 | €747,227 | -€111,783 | -13.0% |
| Amounts payable within one year | 42/48 | €454,018 | €388,883 | -€65,134 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €107,624 | €111,783 | +€4,159 | +3.9% |
| Financial debts | 43 | €203,497 | €170,000 | -€33,497 | -16.5% |
| Other loans | 439 | €203,497 | €170,000 | -€33,497 | -16.5% |
| Trade debts | 44 | €73,134 | €37,481 | -€35,654 | -48.8% |
| Suppliers | 440/4 | €73,134 | €37,481 | -€35,654 | -48.8% |
| Taxes, remuneration and social security | 45 | €5,514 | €5,345 | -€168 | -3.0% |
| Remuneration and social security | 454/9 | €5,514 | €5,345 | -€168 | -3.0% |
| Other amounts payable | 47/48 | €64,249 | €64,274 | +€25 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,157 | +€1,157 | |
| Non-recurring operating income | 76A | - | €294,560 | +€294,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,066 | €65,294 | -€12,771 | -16.4% |
| Other operating charges | 640/8 | €3,430 | €41,188 | +€37,758 | +1100.9% |
| Gross operating margin | 9900 | €128,951 | €412,562 | +€283,610 | +219.9% |
| Operating profit (loss) | 9901 | €47,456 | €306,079 | +€258,623 | +545.0% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €34,301 | €31,265 | -€3,036 | -8.9% |
| Recurring financial charges | 65 | €34,301 | €31,265 | -€3,036 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €13,155 | €274,890 | +€261,735 | +1989.6% |
| Transfer from deferred taxes | 780 | €6,707 | €6,707 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €58,912 | +€58,912 | |
| Profit (loss) for the period | 9904 | €19,862 | €222,685 | +€202,823 | +1021.1% |
| Transfer from tax-exempt reserves | 789 | €13,157 | €13,157 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €235,648 | +€235,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,019 | €194 | -€32,825 | -99.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.